DEVRIESE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEVRIESE
Largest movements
- Cash -€61,321
down €61,321 (-68.2%), from €89,889 to €28,569
mainly Trade debts (-€112,371) and Stocks and contracts (-€9,446)
- Receivables within one year -€23,738
down €23,738 (-25.5%), from €93,171 to €69,433
of which Trade receivables: -€17,264
- Tangible fixed assets -€18,120
down €18,120 (-8.8%), from €205,903 to €187,783
of which Furniture and vehicles: -€10,186
- Stocks and contracts +€9,446
up €9,446 (+8.4%), from €112,852 to €122,298
- Current investments +€8,754
up €8,754 (+38.3%), from €22,878 to €31,632
- Trade debts -€112,371
down €112,371 (-47.3%), from €237,496 to €125,125
- Reserves +€28,414
up €28,414 (+21.6%), from €131,452 to €159,866
of which Distributable reserves: +€28,814
- Gross operating margin +€25,933
up €25,933 (+28.1%), from €92,151 to €118,083
- Taxes +€12,528
up €12,528 (+361%), from €3,473 to €16,001
- Other operating charges +€4,294
up €4,294 (+49.4%), from €8,699 to €12,993
- Write-downs -€3,124
down €3,124, from €278 to -€2,846
- Financial income +€1,938
up €1,938 (+775%), from €250 to €2,189
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,433 | €448,058 | -€85,375 | -16.0% |
| Fixed assets | 21/28 | €206,212 | €188,092 | -€18,120 | -8.8% |
| Tangible fixed assets | 22/27 | €205,903 | €187,783 | -€18,120 | -8.8% |
| Land and buildings | 22 | €177,422 | €176,557 | -€866 | -0.5% |
| Plant, machinery and equipment | 23 | €10,288 | €3,220 | -€7,068 | -68.7% |
| Furniture and vehicles | 24 | €18,192 | €8,007 | -€10,186 | -56.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €309 | €309 | = | 0.0% |
| Current assets | 29/58 | €327,221 | €259,965 | -€67,256 | -20.6% |
| Stocks and contracts in progress | 3 | €112,852 | €122,298 | +€9,446 | +8.4% |
| Stocks | 30/36 | €112,852 | €122,298 | +€9,446 | +8.4% |
| Amounts receivable within one year | 40/41 | €93,171 | €69,433 | -€23,738 | -25.5% |
| Trade receivables | 40 | €73,393 | €56,128 | -€17,264 | -23.5% |
| Other amounts receivable | 41 | €19,779 | €13,305 | -€6,474 | -32.7% |
| Current investments | 50/53 | €22,878 | €31,632 | +€8,754 | +38.3% |
| Cash at bank and in hand | 54/58 | €89,889 | €28,569 | -€61,321 | -68.2% |
| Deferred charges and accrued income | 490/1 | €8,431 | €8,034 | -€397 | -4.7% |
| Total equity and liabilities | 10/49 | €533,433 | €448,058 | -€85,375 | -16.0% |
| Equity | 10/15 | €273,991 | €302,404 | +€28,414 | +10.4% |
| Contributions | 10/11 | €142,539 | €142,539 | = | 0.0% |
| Reserves | 13 | €131,452 | €159,866 | +€28,414 | +21.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,519 | €15,119 | -€400 | -2.6% |
| Distributable reserves | 133 | €115,933 | €144,746 | +€28,814 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €800 | €700 | -€100 | -12.5% |
| Deferred taxes | 168 | €800 | €700 | -€100 | -12.5% |
| Amounts payable | 17/49 | €258,643 | €144,954 | -€113,689 | -44.0% |
| Amounts payable within one year | 42/48 | €258,643 | €144,954 | -€113,689 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €237,496 | €125,125 | -€112,371 | -47.3% |
| Suppliers | 440/4 | €237,496 | €125,125 | -€112,371 | -47.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,245 | €8,413 | +€3,169 | +60.4% |
| Taxes | 450/3 | €0 | €3,054 | +€3,054 | |
| Remuneration and social security | 454/9 | €5,245 | €5,359 | +€114 | +2.2% |
| Other amounts payable | 47/48 | €15,902 | €11,415 | -€4,486 | -28.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,088 | €41,528 | -€559 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,555 | €20,694 | +€139 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €278 | -€2,846 | -€3,124 | |
| Other operating charges | 640/8 | €8,699 | €12,993 | +€4,294 | +49.4% |
| Non-recurring operating charges | 66A | - | €1,534 | +€1,534 | |
| Gross operating margin | 9900 | €92,151 | €118,083 | +€25,933 | +28.1% |
| Operating profit (loss) | 9901 | €20,531 | €44,180 | +€23,650 | +115% |
| Financial income | 75/76B | €250 | €2,189 | +€1,938 | +775% |
| Recurring financial income | 75 | €250 | €2,189 | +€1,938 | +775% |
| Financial charges | 65/66B | €904 | €2,054 | +€1,150 | +127% |
| Recurring financial charges | 65 | €904 | €2,054 | +€1,150 | +127% |
| Profit (loss) for the period before taxes | 9903 | €19,877 | €44,315 | +€24,438 | +123% |
| Transfer from deferred taxes | 780 | €100 | €100 | = | 0.0% |
| Income taxes | 67/77 | €3,473 | €16,001 | +€12,528 | +361% |
| Profit (loss) for the period | 9904 | €16,504 | €28,414 | +€11,910 | +72.2% |
| Transfer from tax-exempt reserves | 789 | €400 | €400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,904 | €28,814 | +€11,910 | +70.5% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.